Bloomberg
• Carmen Reinicke
SpaceX’s first lockup expiration since its June public offering passed without the feared flood of insider selling, while the company’s stock rebounded sharply from its August low and moved toward its $150 opening trade. The rally pushed SpaceX’s market value to roughly $500 billion.
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SpaceX’s first lockup expiration since its June public offering passed without the feared flood of insider selling, while the company’s stock rebounded sharply from its August low and moved toward its $150 opening trade. The rally pushed SpaceX’s market value to roughly $500 billion.
Virgin Galactic says it will postpone the start of commercial flights on its new suborbital spaceplane until early 2027, extending the development timeline by several months. The delay pushes back the company’s planned return to revenue-generating passenger operations.
The U.S. Space Force awarded Impulse Space a $28 million SBIR Phase III contract extension for VICTUS SALO 2 and 3. The two missions will expand demonstrations of tactically responsive space operations, in-space maneuvering and space-domain awareness for military operators.
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Virgin Galactic has pushed the Delta-class spaceplane’s first full-power flight and commercial debut to early 2027, while systems testing continues and the company seeks public input on the vehicle’s name. The company has also raised per-seat pricing, with $750,000 expeditions selling out early despite $134,000 in Q2 revenue.
AST SpaceMobile says it expects to expand its low Earth orbit constellation from 13 to 45 satellites by early next year, supporting beta direct-to-device service in the U.S. this year with roughly half-day coverage. Continuous service is targeted for 2027, with 10 missions booked across two launch providers.
Dozens of airports have land, runways and remote buffer zones that could be repurposed as spaceports, according to the proposal. The FAA is seeking to speed those conversions by waiving requirements under 13 environmental laws, potentially reducing regulatory barriers to new launch sites.
Satellite geospatial imagery provider Satellogic reported its first quarter with positive operating income and adjusted EBITDA, describing the result as confirmation of its turnaround year. The company said it expects the improved performance to continue through the remainder of the year and into 2027.
Chinese reusable launch-vehicle developer iSpace has secured the first batch of its Series E financing, months after closing a substantial D++ round. The company is continuing to raise capital, underscoring its ongoing funding needs as it advances its reusable-rocketry ambitions.
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